May 2015

At Closing

The Shell-BG megamerger brings to mind 1990s combos, but will it spark a new M&A era?


What the U.S. and international oilfield-services industry will look like on the other side of this cycle may be significantly altered from the past.

Appalachian Basin producers are reallocating capex to preserve economics.

Part of the Oil and Gas Investor Excellence Awards: CEO Of The Year

With a 40-year career to guide him, Chuck Davidson, who retires from the helm of Noble Energy Corp. this spring, has pointers for managing this downcycle.

Part of Oil and Gas Investor Excellence Awards: Financing Of The Year

At year-end, as crude prices fell, Eclipse Resources Corp. did a private investment in public equity with the support of its main private-equity sponsor, EnCap Investments, to give it breathing room through 2015.

The University of Oklahoma’s Price College is graduating its first EMBA in Energy class, reflecting 15 months of all energy, all the time—and primarily online.

In an uncertain commodity price environment, rolling budgets can help executives adjust to the short term—while keeping an eye to the future.

Part of Oil and Gas Investor Excellence Awards: Deal Of The Year

Whiting’s $6 billion merger with Kodiak has held up in a depressed oil market.


After 50 years, John Harms knows the rocks.


Linn Energy’s deal with Quantum Energy steals the show.

E&P Momentum

The Marble Falls play works, and at $50 oil.

A&D Trends

The current bid-ask spread is a wide divide.

Cover Story

In light of low oil prices, Permian producers are retrenching to protect their balance sheets. But if there is any basin that can generate economic returns in a soft market, it’s the Permian.

From the Editor-in-Chief

Mixed messages about U.S. oil output mean we are not out of the woods yet.

On the Money

The crude storage glut could clear faster than expected.